NABARD, NaBFID sign MoU for funding rural infra projects

The National Bank for Agriculture and Rural Development and the National Bank for Financing Infrastructure and Development have signed an initial pact to strengthen collaboration in financing infrastructure projects with significant rural impact.

The Memorandum of Understanding (MoU) provides a framework for joint financing, knowledge sharing and the development of innovative financing solutions, with a focus on expanding access to long-term, competitively priced finance for projects that can strengthen rural infrastructure and value chains, a joint statement said on Thursday.